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Search Results 0 to 49 of about 65 (some duplicates have been removed)
will be gradual. and on the downside we have thrown a lot of roadblocks in its path. we have a debt and deficit situation which in the long term are unsustainable, and we're doing absolutely nothing to correct that. nothing. i know cbo's forecast was that we would see modest improvement in the jet crashing into debt-to-gdp ratio the next two years but i don't believe the. i don't like their forecast. i do with 4% growth is going to venture lies with the 0% increase in the interest rate. just don't see it happening. if you get when you're going to get the other one taking up and that will be very, very difficult to maintain a stable or declining debt-to-gdp ratio. but even cbo has a debt-to-gdp ratio picking up at the end of the 10 year horizon. so we have to stabilize the debt. we haven't fixed the debt. and, in fact, we spread the crisis out so that we really won't go a month without one. we have the fiscal cliff at the end of the year. nothing was done in the later part of the year. and then in the 11th hour, actually it wasn't the 11th hour. it was about the 15th hour, two and half hours aft
take effect if there is no long-term agreement to reduce the deficit. those cuts would take a bite out of military spending and domestic programs, including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> they are coming to california because this is where it is. he is not going to lubbock or wherever the places are that make up that state. >> those other places. [ laughter ] >> governor brown takes aim at texas. why he is going toe to toe with the lone star state. >> it's cleanout time. the 49ers report one more time to empty their lockers. coach harbaugh's final thoughts on the season. >> good evening to you, meteorologist paul deanno. we could use some rain around here. we really need snow in the mountains. the snowpack is dropping. we are now down to 83%. there is no rain coming from those clouds right there. but there is some rain in the extended forecast. find out when it will arrive coming up. >> and potent mixer. the reason diet soda and alcohol make for a more dangerous concoction. k-p-i-x 5's len ramirez t
've had enough. they think the spending cuts are the only way to achieve true deficit reduction. back to you. >> all right, melanie. thank you very much. >>> president obama's pick to head the cia. a justice department memo leaked yesterday outlined the justification for killing american citizens without a trial if they are working with al-qaida. learning about a secret u.s. drone base first reported by the new york times. did not object to water boarding al-qaida terrorists though now he opposes that technique. >> fbi is combing over -- investigators have revealed they found two explosive devices on the suspect's property. one was in the ventilation pipe authorities were using to communicate with that man. the other was inside the bunker. dykes was killed by swat agents as they engaged in a fire fight as they stormed the bunker and rescued the boy. >> the murder case heads back to court in dc. a judge will hold a hearing to decide if the media should have documents related to secret hearings. the meetings allegedly focused on an issue with trial witness. convicted of killing levy bac
'll be following this. >>> to washington now. members of congress remain focused on deficits, spending and how to head off the looming sequestration cuts poised to kick in early next month. in separate interviews on sunday, house minority leader nancy pelosi and majority leader eric cantor laid out the economic dividing lines. >> what we need is growth. we need growth with jobs. and if you have spending cuts, education of our children and other investments like the national institutes of health where you are hindering growth, you're not going to reduce the deficit. so it is almost a false argument to say we have a spending problem. we have a budget deficit problem that we have to address. we think the deficit and the national debt are at immoral levels. we think they must be reduced. we're sick and tired of paying interest on the national debt. and that's 15% -- that's a large percentage of the budget. >> the tax fight for the president means higher taxes, more revenue. again, we can't be raising taxes every three months in this town, david. and you know, the bottom line is we want tax reform,
. >>> and nancy pelosi says the cuts will not reduce the federal did he deficit. >>> and the new i-pad app is ready for you to download. you can get drive time traffic. video with breaks news any time, anywhere. [ woman ] my boyfriend and i were going on vacation, so i used my citi thankyou card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? and with all the points i've been earning, i was able to get us a flight to our favorite climbing spot, even on a holiday weekend. ♪ things are definitely... looking up. [ male announcer ] with no blackout dates, you can use your citi thankyou points to travel whenever you want. visit citi.com/thankyoucards to apply. >>> 3 people died today when a helicopter crashed on a southern california ranch used by a film production company. it happened around 4:00 this morning south of palm dale in los angeles accounted county. a spokesman said a reality show was being filmed at the time of the crash but exactly why the aircraft went down is unknown at this time. >>> ambulances, helicopters and hiltary vehicles flo
budget office that for the first time since president obama has been in office, we can see a deficit under $1 trillion. $884 billion is what they are suggesting. they think unemployment will go up through the next couple of years, but federal revenue, the amount of money coming into the government going up by 25%, in part, because of the fiscal cliff deal. also because the economy is improving. richard? >> tracie, we'll take under 1 trillion right now. thank you. >>> a major decision expected today from the boy scouts of america. national board members set to vote on whether to lift a decade's long band on gay leaders and scouts. the final day of a three-day meeting of officials. a controversial issue drawing fire from both sides and putting one of the country's largest youth organizations under a microscope. president obama said over the weekend that scouting should be open to everyone while texas governor rick perry expressed the opposite opinion. if board members scrap that policy, they will be able to decide for themselves to admit gays to their ranks there. >>> on the heels of t
the 10 percent pay cuts they accepted to help limit layoffs during record budget deficits. leaders indicated they would support modest raises but the police officers association argues that bigger raises are needed to keep officers from leaving the department. the union has called for opening negotiations to the public. >> the boy scouts of america board could vote whether to lit a long-term policy that excludes gay members and leaders. the executive board is wrapping up three days of meetings today at the headquarters in texas. the proposal would allow individual scout troops to decide how they want to address the issue, a conservative group in texas organized a prayer vigil this morning, and the organization is expected to issue a statement either way. >> the nasdaq could pay millions over the social media company facebook's botched initial public offering. the "wall street journal" reports that nasdaq is in talks with the government to pay $5 million in penalties which is only 1 percent of the money lost by brokers and investors. last may on the only of the facebook i.p.o. techn
to stay north of us. we'll get some showers, but anything to put a dent in our rainfall deficit i don't see coming from the system. we'll talk about any other chance was rainfall coming up. >>> checking bay area headlines, muni is blaming a stray bolt for a cable car accident that sent seven people to the hospital. it stopped the train abruptly. investigators are trying to particular out how the bolt got into the track. >>> workers at a uc berkeley office in emeryville are trying to figure out why a bomb threat was phoned in. it forced the evacuation of two buildings this morning. an intensive search turned up nothing. >>> investigators are looking for the source of a fatal fire in san leandro. the body of a man was found inside the burning home on neptune drive just before dawn. first responders performed cpr but could not revive him. >>> the dot com hiring boom is back. the growth is not just high-tech. the technology hiring is having a ripple effect fuelling a sunge in -- surge in construction too. and that means materials are needed and a workforce to supply them. >> reporter: fro
in the debate of the deficit crisis. a spokesman for john boehner telling "the huffington post," "we can't keep chasing ever-higher washington spending with ever-higher taxes because it diminishes our children and grandchildren's future." does bringing children into the issue at all change the debate? >> well, i mean, state of the unions end up being about a vision, right? where do you want to take the country over the next year and then some. and in particular, i think for the president, it's his second term. at the end of the day, this is about where he wants to leave the country once he leaves office. emphasizing the economy, jobs, is obviously smart because that's the issue that matters most for the country, but it's also smart because that's where i think most people realize we still have work to do. we've done an enormous amount of recovery over the last four years, in particular where we'd been, but obviously, there's more work to be done. the question is, how do you do it? i think that's where i think the president's going to really kind of hone into and really emphasize the fact that w
really heart-breaking deficits in their academic skills. on average a fifth grader comes to our school at least two or three grade levels behind. >> reporter: these kinds of educational deficits have caused lingering problems for a city where one-third of all students fail to graduate on time. >> we have to make sure that we are... >> reporter: that has led to a concentrated effort by bridgeport academy middle school. like all our achievement first schools to place and keep great teachers in the classroom. in order to identify who those great teachers are, achievement first ceo says the organization has developed a comprehensive checklist to evaluate its teachers. >> in the past teacher evaluation has focused on observations which at their worst become staged dog and pony show experiences that don't actually tell you a lot about teachers' effectiveness or more importantly how they need to improve. >> i want us now to walk quickly through the school work for the whole observation. >> reporter: at this school teacher observations are detailed bi-weekly and discussed at length in regular
: this year's federal budget deficit will fall below a trillion dollars for the first time since president obama took office. the congressional budget office projected today the red ink will be roughly $845 billion. it was $1.1 trillion last year. the c.b.o. attributed the decline in part to new tax hikes and to automatic spending cuts scheduled to take effect in march. but it said those same factors may also hold back economic growth. personal computer maker dell has announced it's going private. the company detailed a $24 billion buyout of stockholders today. it's the largest deal of its kind since the great recession. dell has been publicly traded for nearly 25 years. but sales have waned as consumers have shifted towards smartphones and tablets. britain took a major step today toward legalizing same-sex marriage nationwide. the house of commons voted more than 2-1 to legalize the practice. that's despite sharp divisions in the ruling conservative party. prime minister david cameron acknowledged the split, but supported the bill. >> i think it's delight gay people should be able to get
a year. the deficit next year according to the congressional budget service $845 billion. they have $3 billion in tax increases against a $845 billion deficit. the point that you make is a good one. the president and he drove this thing in august of 2012. h20122011. he wanted the sequester. read woodward's book in page 226 or some where in this and the deep cuts in defense thinking at the time that would put enough pressure on republicans to get them to agree to higher tax. here we are he wants this thing delayed yet again but to be fair there has been a solution put forward. the house of representatives has not once but twice passed legislation that would replace the sequester and the deep defense cuts which do cause damage to our national security and our readiness with other cuts also in the budget. and that is something that has been rejected by the democrats here on capitol hill and by the president. >> greta: what i don't get is the gal to come out and ask for mother delay. i can't delay showing up for my job and neither canmy american. we can't keep asking for the delays and he
continues working on longer term deficit reduction. that's the sensible thing to do. why make-- why punish the american people because you haven't been able to achieve your ideological objectives through other means? >> sreenivasan: in another development, the associated press reported the u.s. military is cutting back from two aircraft carriers to one, in the persian gulf. the report cited u.s. officials who said it's a direct response to the looming, across-the-board cuts. u.s. and british regulators have fined the royal bank of scotland more than $610 million for manipulating a key interest rate. the u.s. commodity futures trading commission said today that r.b.s. made hundreds of attempts to manipulate the rate known as libor. it's a global benchmark for rates on everything from home mortgages to credit card payments. two other banks-- barclays and u.b.s.-- have already been fined for their roles in the scandal. wall street mostly stayed where it was today. the dow jones industrial average gained seven points to close at 13,986. the nasdaq fell three points to close at 3,168. those are
of his deficit reduction plan in the past. now, for more information on this, you can stay tuned to "cbs this morning" at 7:00. reporting live in pittsburg, cate caugiran, kpix 5. >>> thank you. some breaking news now out of washington, d.c. an administration official says president obama has picked rei president sally jewell as the new secretary of interior. prior to joining rei, she spent 19 years in a commercial banking industry. if confirmed she would replace outgoing interior secretary ken salazar. >>> murder in wine country. three bodies found inside a home and this morning the search now on for their killer. it's a developing story from a home on ross station road outside the town of forrestville up in sonoma county. kpix 5 reporter anne makovec has the latest. >> reporter: investigators have been doing a lot more interviews overnight. they say that they are confident they will be able to catch the murderer soon. in the meantime, this person is still on the loose because they say this was not a murder- suicide. three men were found shot
and weather together every 10 minutes. back to you guys. >>> america's trade deficit is at its lowest level in three years. here's kcbs radio's financial reporter jason brooks with more. >> reporter: good news on the u.s. economy this morning. trade deficit dropping 21% in december for $38.6 billion. that's the lowest level in nearly three years. helped out by a rise in imports thanks in particular to a big jump in oil production here in the united states. lowest level of oil production since february 1997 social networker linked in reported its earnings after the closing bell topping expectations revenue up 80% to over $300 million. linkedin stock is taking off this morning at 17% after the opening bell. linkedin has done much better than social media companies out there. numbers up on the trade data. dow up 43. close to 14,000 again. nasdaq up 23. s&p up by 6. back to you. >> thank you, jason brooks. >>> the lone star state makes a pitch for workers in california and we are counting down to the opening of the new east span of the bay bridge and
more time to come up with a permanent solution for reducing the deficit. >> we should give them the chance to come up with the budget instead of making cuts costing us jobs and significantly slow down our recovery. >> the president says the u.s. economy is poised for progress in the coming year and predicted it will fall below the $1 trillion mark. >> sources tell ap tonight the pentagon is ready to offer limited benefits to same-sex partners of gay service members. likely toin clud health and welfare benefits. dpeens secretary has not made a decision because federal law prohibits him from recognizing same-sex marriages. british lawmakers voted in favor of legalizing same-sex marriage. legislation would enable same-sex couples to get married in civil and religious ceremonies. the prime minister championed the bill despite opposition from within his party. before it becomes plau it must still pass the house of lord autos as we continue here, coming up, governor brown's response to a texas raid on california jobs. >> and >>> because gas prices are high it turns out we're driving l
to the deficit crisis. republican senator mitch mcconnell says that he know that sequestration would have consequences, but he blames president obama for not putting forward an acceptable plan to prevent it. for more on that, jonathan strong, staff writer, role call, alexander burns and national political reporter with politico. good afternoon to both of you. >> hello. >> outgoing defense secretary leon panetta warned that the $85 billion in cuts would curtail american naval operations by a full third and could force furloughs of as many as 800,000 civilian workers. take a listen to what he said. >> it is difficult to believe, frankly, that congress would simply stand aside. stand aside, fail to make the decisions necessary to resolve this crisis and allow the defense economy, equality of life of america to be irreparably damaged. >> how damaging would these cuts be to our national security? >> it's a great question. the impact is going to be fairly dramatic to some of the employees, civilian employees of the pentagon and some other places. the 85 billion in cuts is through the rest of th
love. the sequester is designed to get the deficit under control, but economists are worried that the cuts are so deep, they'll trigger a recession. today, the president called on congress to pass a budget package to avoid the sequester or at least delay the shock. >> if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months until congress finds a way to replace these cuts with a smarter solution. >> pelley: in an interview on sunday, we asked the president about all of this. we found out last week that the economy actually shrank in the last three months of last year. if the federal spending cuts that are on tap for march actually take effect, will that push the country into recession? >> i don't know if it will push the country into recession, but here's what we know. the reason that the economy shrank a little bit, despite the fact that housing is re
additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so it doesn't have a huge impact. >> the republican leadership saying flatly, no more tax hikes. >> so they're all dug in again on the fiscal issues. if you look at the polls, wolf, the public wants the president and congress to tackle those fiscal issues. ironically, they may be closer on gun control. they may be closer on immigration reform. but it's still the fiscal issues that are the real problem. >> in the next few week, they have some major things coming up on those issues. dan pfeiffer, the president's senior adviser, will join us in the next hour to discuss guns, guns and guns. >>> the nation's new secretary of state's wasting no time getting down to business. john kerry spent a busy weekend on the phone with palestinian and israeli leader, plus officials in japan, south korea and turkey. all that was before he officially said hello to the state department staff today. >> here's the big question before the country and the world and the state department aft
're going to be serious about reducing our deficit, can we combine some smart spending cuts because there's still some waste in government. can we reform our health care programs in particular because we spend a lot more on health care than every other country does, and we don't get better outcomes. there's a lot of waste in the system. there are things we can do to reduce health care costs. and can we close some loopholes and deductions that folks who are well connected and have a lot of accountants and lawyers can take advantage of. they end up paying lower rates than a bus driver or a cop. can we close some of those loopholes? if you combine those things together, then we can not only reduce our deficit, but we can continue to invest in things like education and research and development that are going to help us grow. washington cannot continually operate under a cloud of crisis. that freezes up consumers. it gets businesses worried. we can't afford these self-inflicted wounds. there is a way for us to solve these budget problems in a responsible way through a
is if we can reduce the deficit, can we combine some spending cuts because there's still waste in government, can we reform our health care because we spend more than eany other country. there's ways to reduce health care costs. and can we close loopholes and deductions that folks that are well connected and have a lot of accountants and lawyers can take advantage of, can we close some of those loopholes. if you combine those things together, then we cannot only reduce our deficit but we can continue to invest in things like education and research and development that's going to help us grow. washington cannot continually operate under a cloud of crisis. that freezes up consumers, it gets businesses worried. we can't afford these self-inflicted wounds. and there's a way for us to resolve these budget problems in a responsible way through a balanced approach that the vast majority agrees with. there's no reason why we can't. we can't have washington dysfunction getting in the way. >> it's interesting to hear them say we do need additional revenue but it's not going to come from
. and, norah, even the president has endorsed this move in the past. it was part of his deficit reduction package last year. >> nancy cordes, thanks. >>> john brennan is said to make his case on capitol hill but a leaked memo will complicate tomorrow's hearing. it spells out the case for killing americans linked to terrorism. bill plante is at the white house. bill, good morning. >> reporter: charlie, good morning. the unclassified memo was written by the justice department and sent to some members of congress last summer. it was never intended to be sent to the public, but it was leaked. brennan is the architect of the drone program and now the leak has the white house on the defensive. administration officials argued forcefully tuesday that the targeted killing of terrorists who are american citizens often by drone strikes is acceptable policy in the battle to keep america safe. >> these strikes are legal, ethical, and wise. >> we only take these kinds of actions when there is an imminent threat and when we're confident it's doing so that's consistent with international law. >
. he attacked the deficit, he attacked the spending problems in this country, taxes in this country and he hit on every sensitive issue, possible, it was easy to understand. stuart: let's see if our people can put that in its entirety. whole 25 minute lecture on our facebook page or somewhere accessible for everybody, we'll try and do that for you. as if it wasn't bad enough to california. it's running out of doctors and it's because of obamacare. my take on that coming up next. stuart: good morning everyone. california wants to change the rules on just who can diagnose and prescribe medication when you're sick. give more power to nurses, medical assistants and pharmacists, open up what used to be the job of doctors only. 350 similar rule changes have been proposed around the country in the last two years. that's a real switch in the medical business. diabetes, high blood pressure, diagnosed and treated by people who do not have the same level of medical training as doctors? what's going on? obama care. in california it will shift millions on to state-provided healthcare. but they d
will be at 45 degrees. there has been no snow in the last 24 hours. our deficit now is more than 8 inches. we will not add to that any time soon. cold air trying to retreat up to the north as warm air bubbles into our area. certainly feeling better than last week. a disturbance moved through overnight and brought a couple sprinkles and snow flurries. clearing out now, especially in afternoon. we're keeping an eye on two weather systems. the first developing along the gulf coast. this will be a big player in what will happen late this week. in the meantime, high-pressure dominates our weather and the ships off to the east by tomorrow and allows a cold front to bring us abroad day and maybe in a mix especially north and west of the metro. -- to bring us a raw day. clear skies today and tonight. hey, adam. >> i was just reading an article from the moscow times. it's as they have seen well above average snowfall this year. guess how much snowfall they have had this season. 85 inches so far, well above their average. at reagan national, 1.5 inches. that is all we were able to squeeze out this wint
such as the deficit, guns, or health care. the white house has certainly gotten the message on jobs and isn't waiting until tomorrow night to start getting its message out before the inevitable republican attacks start raining down. take a listen. >> you will hear in the president's state of the union an outline from him for his plan to create jobs and grow the middle class. the middle class is the engine that drives this country forward and which will, if it is given the right tools and the right opportunities, will drive us forward in the 21st century. >> let's get to our guest, democratic strategist bob shrum, and karen finney. the president is expected to use the speech as a way to frame the debate over the so-called sequester which would mean $85 billion in cuts that republicans claim are entirely his fault. take a listen to this. >> you know, the president, he's the one who proposed the sequester in the first place. >> it's what president obama proposed in 2011. >> it is inevitable quite frankly. now these cuts are coming by law and it's law the president signed and advocated. >> okay, professo
and california universities plan to battle the budget deficit while also helping students. >>> give you a live look outside at the sunol grade. pretty quiet out there on bay area highways this second sunday of february. time now is 8:42. it's not a candy bar. 130 calories 7 grams of protein the new fiber one caramel nut protein bar. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant >>> hello san jose. you're looking a the mostly clear skies overhead 38 degrees with a light breeze. >>> nasa rover curiosity has successfully drilled a hole into the mark on mars. it's the first time the hole has ever been drilled on the planet and powder samples are now being analyzed. the rock shows possible evidence that wet environments may have existed there. >>> there is a new u.s. commander at the helm of u.s. investigate evers to afghanistan. he is to oversee the withdraw of troops. despite the change in command the goal of the coalition forces is still the same. >> what has not changed is the discipline and the spirit of the team. what
it was part of his deficit reduction package last year. >> nancy cordes thanks. john brennan is said to make his case on capitol hill to become cia director. leaked memo spells out the link for americans being killed because of terrorism. >> reporter: good morning and good morning out west. that unclassified memo was written by the justice department sent to some members of congress last summer, never intended to be made public but it leaked this week. most likely because the senate is holding hearings tomorrow on the nomination of john brennan to head the cia. he's the architect of the program, and the leak now has the white house on the defensive. administration officials argued forcefully tuesday the targeted killing of terrorists who are american citizens often by drone strikes is acceptable policy in the battle to keep america safe. >> these strikes are legal. they are ethical and they are wise. >> we only take these kinds of actions when there is an eminent threat when capture is not feasible and when we are confident we're doing so in a way that's consistent wi
Search Results 0 to 49 of about 65 (some duplicates have been removed)